Moore School study: BMW has $16B impact on S.C.

bmw manufacturing

It is clear that BMW has had a potent and enduring effect on the state’s economy, the new report says, as $6.3 billion in investments now yields a $16.63 billion total economic impact annually on the state. Read More...

DEW: South Carolina payrolls hits record high of 2.2M workers

The state’s employers added 4,200 in November breaking the previous record set in January 2008, said Cheryl Stanton, executive director of the South Carolina Department of Employment and Workforce. Record-setting employment growth and labor force expansion points to continued economic growth. Read More...

USC provost Amiridis to head University of Illinois at Chicago

Michael Amiridis, who has been a professor, researcher and senior administrator at the University of South Carolina’s flagship campus for more than two decades, was named Thursday to head the University of Illinois at Chicago. The campus has more than 28,000 students and total research funding that ranked 57th among universities nationally in the most recent federal rankings and now exceeds $350 million. Read More...

Koch Industries’ INVISTA Camden site certified for ‘Wildlife at Work’

The Wildlife Habitat Council cited the employee-led conservation program at Koch Industries’ 640-acre location in Kershaw County for its efforts to maintain wildlife habitat areas on corporate land. Read More...

Workers’ compensation panel sets maximum rate for wages

Beginning Jan. 1, the maximum weekly compensation rate will be $766.05, according to the South Carolina Workers’ Compensation Commission. The rate is two-thirds of the S.C. average weekly salary between July 1, 2013 and June 30, 2014. Read More...


18 counties receive ‘work ready’ status

Twenty-two of South Carolina's 46 counties have received the designation. The Palmetto State boasts the highest percentage of communities that have received the designation among participating states, said Lt. Gov. Yancey McGill. Read More...

CresCom Bank picks up 13 more branches

Charleston-based CresCom Bank’s agreement to purchase 13 branches of First Community Bank was finalized Monday. The acquired branches, including three in South Carolina and 10 in North Carolina, bring CresCom Bank’s assets to $1.3 billion.  Read More...